Brick Duplex with Fenced
New
For Sale
$298,000
219 Janelle Dr #A & B, Copperas Cove, TX 76522
The two residences each have three bedrooms and two bathrooms, with one unit vacant and the other occupied by a tenant.
Property Size2,380 SF
Price / SF$125.21
Days on Market3
Property Features for 219 Janelle Dr #A & B
General Information
Standard status
Active
Size
2,380 SF
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Amenities
tile flooring
smooth top stove
refrigerator
washer and dryer hook up
chain link fence
Building Details
Year Built
2004
Buildings
1
Construction
brick
Listing Agency:
Ts Realty
(210) 269-9940
Listed By:
Homecity Real Estate
(254) 939-3585
Source:
Homecity
Added: Sep 24
Last Checked: Sep 24 at 2:46PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Ts Realty
Investment Insights
Based on property information with market context.
Built in 2004, this 2,380-square-foot brick duplex contains two three-bedroom, two-bathroom units. Each unit is described with a one-car garage and utility area. Apartment A has tile flooring throughout and has been freshly painted; it is vacant. Apartment B is tenant-occupied, with the tenant in place for more than two years.
The property occupies a corner lot in Copperas Cove with chain-link fencing. Apartment A includes a smooth-top stove and refrigerator, along with washer and dryer hookups.
The property occupies a corner lot in Copperas Cove with chain-link fencing. Apartment A includes a smooth-top stove and refrigerator, along with washer and dryer hookups.
Key Highlights
- 2,380‑square‑foot brick duplex built in 2004
- Two units, each with 3 bedrooms and 2 bathrooms
- One unit is vacant; the other has a tenant who has been in place for more than 2 years
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$20,571
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.90%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$411,420
$411.4K
Cap Rate 7%
$293,871
$293.9K
Cap Rate 9%
$228,567
$228.6K
Market Conditions
NOI Build-Up for 2,380 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$31.4K $13.20/SF
− Vacancy
−$2.0K −$0.85/SF
EGI
$29.4K $12.35/SF
− OpEx
−$8.8K −$3.70/SF
NOI
$20.6K $8.64/SF
Area
Coryell County, TX
Vacancy
6.46%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$411,420
Cap Rate 7%
$293,871
Cap Rate 9%
$228,567
Alternative Uses
Best Use
Multifamily LT 5
$293.9K
$257.1K – $342.9K
NOI $20,571 @ 7.0% cap · market cap 6.90%
Second Best
Apartment 5plus
$271.9K
$237.9K – $317.2K
NOI $19,032 @ 7.0% cap · market cap 6.39%
Theoretical Best
Office A
$571.7K
$500.2K – $666.9K
NOI $40,016 @ 7.0% cap · market cap 13.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1
Businesses Nearby
Explore this area
Business Placement
Demographics for 76522, TX
41,123
Population
17,370
Households
2.4
Avg Household Size
34
Median Age
21%
College-Educated
94%
High-School Grad
115.0 sq mi
ZIP Area
358
Density / Sq Mi
$70,629
Median Household Income
$39,126
Median Earnings
$1,029
Median Rent
$174,000
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - The two residences each have three bedrooms and two bathrooms, with one unit vacant and the other occupied by a tenant.
Where is this duplex located?
The property is located at 219 Janelle Dr #A & B Copperas Cove, TX.
What is the asking price?
The asking price for this property is $298,000.
What are key features of this property?
This property features: 2,380‑square‑foot brick duplex built in 2004; Two units, each with 3 bedrooms and 2 bathrooms; One unit is vacant; the other has a tenant who has been in place for more than 2 years
